7
AssignmentMultiple Dropdowns

Elasticity and Incentives

Question 7 • 2102320-Economics HONORS - Edgenuity Teacher

The line at PF represents the .

Answer
The line at PF represents the .:

price floor

The line at PE represents the .:

equilibrium price

The line between points A and B represents .:

excess supply

Explanation

“PF” stands for price floor, a government-set minimum price. Therefore, the line labeled PF represents the price floor, not a price ceiling or the equilibrium price.

AI-written and checked against the verified answer.

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